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68 SIA Annual Report 02/03
Statements of Changes in Equity
For the financial year ended 31 March 2003 (in $ million)
The Group
Foreign
Capital currency
Share Share redemption Capital translation General
Notes capital premium reserve reserve reserve reserve Total
Balance at 31 March 2001 1,220.2 447.2 62.3 6.9 40.8 8,260.3 10,037.7
Currency translation differences – – – – 23.0 – 23.0
Share buyback 14 (2.1) – 2.1 – – (25.3) (25.3)
Capital reduction 14 (609.0) – – – – – (609.0)
Dividends received from
share buyback – – – – – 0.3 0.3
Net gains and losses not recognized
in the profit and loss account (611.1) – 2.1 – 23.0 (25.0) (611.0)
Profit attributable to shareholders
for the financial year – – – – – 631.7 631.7
Dividends 13 – – – – – (211.8) (211.8)
Balance at 31 March 2002 609.1 447.2 64.4 6.9 63.8 8,655.2 9,846.6
Currency translation differences – – – – (22.5) – (22.5)
Share options exercised 14 * * – – – – –
Share of joint venture company’s
capital reserve – – – 0.8 – – 0.8
Gain on dilution of interest in a
subsidiary company due to
share options exercised – – – – – 0.8 0.8
Net gains and losses not recognized
in the profit and loss account – – – 0.8 (22.5) 0.8 (20.9)
Profit attributable to shareholders
for the financial year – – – – – 1,064.8 1,064.8
Dividends 13 – – – – – (181.7) (181.7)
Balance at 31 March 2003 609.1 447.2 64.4 7.7 41.3 9,539.1 10,708.8
* 1,000 ordinary shares of $0.50 par value issued at exercise price of $11.96 each pursuant to the Employee Share Option Plan. Share capital and share
premium increased by $500 and $11,460 respectively.
The notes on pages 72 to 107 form an integral part of these financial statements.